Growth & Inflation Trending Lower While Bankruptcy & Defaults Are Rising

We still hear lots of chatter about "typical" market behavior around the final Fed rate hike in cycle, notes Liz Ann Sonders. She and Kathy Jones discuss the takeaways from Fed Chair Powell's comments at Central Bank Forum in Portugal. Liz notes that the only other time with a spread between the Nasdaq-100 and the Russell 2000 wider than the current was during the late-1900s TMT bubble. Kathy highlights that growth and inflation are trending lower and bankruptcy filings and defaults are rising. Tune in to find out more about the stock market today.